Geode Capital Management LLC Buys 7,922 Shares of Bank First Co. (NASDAQ:BFC)

Geode Capital Management LLC raised its stake in Bank First Co. (NASDAQ:BFC - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 222,204 shares of the company's stock after purchasing an additional 7,922 shares during the period. Geode Capital Management LLC owned 2.22% of Bank First worth $20,158,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. American Century Companies Inc. lifted its holdings in shares of Bank First by 167.3% in the 2nd quarter. American Century Companies Inc. now owns 37,873 shares of the company's stock worth $3,128,000 after purchasing an additional 23,705 shares in the last quarter. Barclays PLC raised its holdings in Bank First by 339.9% during the third quarter. Barclays PLC now owns 15,635 shares of the company's stock worth $1,417,000 after buying an additional 12,081 shares during the last quarter. State Street Corp lifted its stake in shares of Bank First by 3.4% in the third quarter. State Street Corp now owns 238,225 shares of the company's stock valued at $21,701,000 after buying an additional 7,822 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Bank First by 158.0% during the second quarter. Dimensional Fund Advisors LP now owns 12,579 shares of the company's stock valued at $1,039,000 after buying an additional 7,703 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Bank First by 18.1% during the third quarter. Stifel Financial Corp now owns 47,834 shares of the company's stock valued at $4,339,000 after buying an additional 7,336 shares during the last quarter. Institutional investors and hedge funds own 29.95% of the company's stock.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on Bank First from $99.00 to $104.00 and gave the company a "neutral" rating in a research report on Thursday, October 17th.

Bank First Stock Performance

Shares of NASDAQ BFC traded down $1.64 during mid-day trading on Friday, hitting $98.67. The company had a trading volume of 13,241 shares, compared to its average volume of 20,216. The stock's 50-day moving average price is $101.78 and its 200-day moving average price is $92.51. The company has a market capitalization of $987.88 million, a price-to-earnings ratio of 12.12 and a beta of 0.34. Bank First Co. has a 1 year low of $74.90 and a 1 year high of $110.49. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02.

Bank First (NASDAQ:BFC - Get Free Report) last posted its quarterly earnings data on Tuesday, October 15th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.11. Bank First had a return on equity of 10.10% and a net margin of 32.02%. The firm had revenue of $58.93 million during the quarter, compared to analysts' expectations of $39.60 million. On average, sell-side analysts forecast that Bank First Co. will post 6.35 earnings per share for the current year.

Bank First Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Monday, December 23rd will be issued a $0.45 dividend. This is a positive change from Bank First's previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 23rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.82%. Bank First's dividend payout ratio (DPR) is presently 22.11%.

Bank First Company Profile

Bank First Corporation operates as a holding company for Bank First, N.A. that provides consumer and commercial financial services to businesses, professionals, consumers, associations, individuals, and governmental authorities in Wisconsin. It offers checking, savings, money market, cash management, retirement, and health savings accounts; other time deposits; certificates of deposit; and residential mortgage products.